Regulation
333 whitepapers and resources
Regulation
Video: The implications of the Civil Liability Act
In this video, David Haynes, Underwriting & Marketing Director at ARAG UK, discusses the implications of the Civil Liability Act for motor accident victims, and how it will make motor legal expenses insurance more important than ever.
The duty of fair presentation: So what do you propose?
Since the introduction of the Insurance Act there has been a ‘sea change’ in non-consumer policies, with the proposer now having almost complete control over the information provided to insurers. This article studies the application of the Insurance Act in relation to the duty of fair presentation.
Raising the bar: Operational resilience and shadow IT
Regulators are turning their attention to building the operational resilience of the UK financial system. This whitepaper looks at the likely implications of any future operational resilience regulation on the way an institution manages non-IT supported applications and processes.
Gain market advantage by elegantly solving for SCA requirements under PSD2
Relevant to businesses processing payments in the European Economic Area, PSD2 presents the challenge of balancing the Strong Customer Authentication requirements with a seamless buyer’s journey. This whitepaper focuses on how businesses can strike a balance between security and customer experience.
Sanction for counsel in ASPIC
Section 108 of the Courts Reform (Scotland) Act 2014 provides that where counsel is instructed in a Sheriff Court action, the court must sanction the employment of counsel if the court considers, in all the circumstances of the case, that it is reasonable to do so. This article notes the key points.
New rules regarding taxation of expenses in civil proceedings
As part of the programme of ongoing reform following Sheriff Principal Taylor’s Review of Expenses and Funding of Civil Litigation in Scotland, new rules will soon come into force regarding taxation of expenses in civil proceedings.
Damages (Investment Returns and Periodical Payments) (Scotland) Bill
This week saw The Damages (Investment Returns and Periodical Payments) (Scotland) Bill being unanimously passed by the Scottish Parliament. This article briefly outlines the impact of the legislation on discount rate calculations and periodical payments for certain future losses.
The importance of data lineage in the insurance industry
Data lineage plays a big part in helping insurers quickly gather the information they need to rapidly respond when the PRA or FCA come calling. This one page blog briefly outlines why data lineage is a vital component of any effective data architecture and its relevance to insurers.
How data can help with IFRS 17 regulatory compliance reporting
With the International Financial Reporting Standard (IFRS 17), due to come into effect in 2022, insurers are facing the most significant change to insurance accounting requirements in over 20 years. This article highlights how data can help insurers with IFRS 17 regulatory compliance reporting.
Civil Liability Bill - What are the implications for brokers?
After years of debate, the Civil Liability Bill passed into law at the very end of 2018, with the implementation scheduled for April 2020. This short article answers some key questions for brokers and their motor clients.